Stifel Canada Cuts Earnings Estimates for Algoma Steel Group

Algoma Steel Group Inc. (NASDAQ:ASTL) – Equities researchers at Stifel Canada reduced their Q1 2027 earnings per share estimates for shares of Algoma Steel Group in a note issued to investors on Thursday, March 13th. Stifel Canada analyst I. Gillies now expects that the company will post earnings of $0.24 per share for the quarter, down from their previous forecast of $0.28. The consensus estimate for Algoma Steel Group’s current full-year earnings is ($0.63) per share. Stifel Canada also issued estimates for Algoma Steel Group’s Q2 2027 earnings at $0.26 EPS and Q3 2027 earnings at $0.27 EPS.

Algoma Steel Group Trading Down 3.4 %

Algoma Steel Group stock opened at $6.33 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 3.31. The stock has a market cap of $663.92 million, a PE ratio of -4.98 and a beta of 1.47. The stock has a 50-day moving average of $7.75 and a two-hundred day moving average of $9.37. Algoma Steel Group has a one year low of $5.20 and a one year high of $12.14.

Institutional Investors Weigh In On Algoma Steel Group

Large investors have recently made changes to their positions in the stock. Aquatic Capital Management LLC purchased a new position in shares of Algoma Steel Group during the 4th quarter valued at approximately $64,000. Wexford Capital LP acquired a new position in shares of Algoma Steel Group during the 3rd quarter worth about $107,000. Squarepoint Ops LLC purchased a new position in shares of Algoma Steel Group in the fourth quarter valued at approximately $114,000. Two Sigma Advisers LP purchased a new position in Algoma Steel Group in the 4th quarter valued at $117,000. Finally, Corient Private Wealth LLC acquired a new position in Algoma Steel Group during the fourth quarter worth about $147,000. 72.00% of the stock is owned by hedge funds and other institutional investors.

Algoma Steel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Friday, March 21st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, March 21st. Algoma Steel Group’s payout ratio is currently -17.54%.

About Algoma Steel Group

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.